The company said on Friday that it had secured more than $125 million in commitments for the new fund which will focus on backing young companies in sectors such as alternative lending, digital investment advice and financial infrastructure.
Nyca Investment Fund, LP will be one of the largest fintech-focused funds to launch…
Credit card companies want you to fall behind and start racking up debt, Zero CEO Bryce Galen tells Business Insider. That’s how they make their money. That can, however, be brutal for the consumer, and it’s one reason millennials have drifted toward debit cards.
The second wave of the fintech boom is here, says David Sica, a principal at venture capital firm Nyca Partners. First came the startups with their ideas, now banks are leveraging those ideas and delivering to customers.
International Business Machines Inc. is becoming the biggest backer of a technology that underpins the Bitcoin digital currency. In the coming year, IBM will begin testing its own variation on the transactional software known as blockchain, aiming to simplify life for customers who lease IBM’s computer hardware, the company said.